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Dow AgroSciences Announces Investment Plans for Michigan Operations
Midland, MI - March 03, 2008 Dow AgroSciences LLC, a subsidiary of The Dow Chemical Company, announced today that it will move production of several key current and future Dow AgroSciences products to Michigan Operations over the next 18 to 24 months. The decision will allow Dow AgroSciences to increase production, lower costs, increase profitability and provide future capability to produce new molecules. Active ingredients for four significant crop protection molecules have been identified as excellent matches for the asset. “Dow AgroSciences has been one our key businesses in Michigan Operations and a source of growth over the past few years, and we’re pleased to see continued investments from this market-facing business," says David Dupre, Michigan Operations Site Leader and Vice President of Operations for Dow AgroSciences. “This investment will allow us to bring an underutilized asset to full production capacity in a very short time.” This project, which is subject to approval of state and local tax incentives, will result in approximately 20 new jobs at Michigan Operations. About Dow AgroSciences Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a top-tier agricultural company that combines the power of science and technology with the "Human Element” to constantly improve what is essential to human progress. Dow AgroSciences provides innovative technologies for crop protection, pest and vegetation management, seeds, traits, and agricultural biotechnology to serve the world's growing population. Global sales for Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company, are $3.8 billion. Learn more at www.dowagro.com. About Dow With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com. For Editorial Information:
Jennifer Heronema |
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